Save Article

Lawmaker Demands a Delay
In Pay for Freddie Mac Chiefs

By

John D. McKinnon Staff Reporter of THE WALL STREET JOURNAL

Updated June 13, 2003 4:39 a.m. ET

WASHINGTON -- A leading congressional critic of Freddie Mac, describing himself as "really angry," called on federal regulators to withhold approval of pay packages for three ousted executives of the government-sponsored mortgage company until investigations are complete.

Rep. Richard Baker, a Louisiana Republican, also will seek legislation to abolish Freddie Mac's regulator. He said the latest problems at Freddie Mac are...